HANGZHOU – Geely Holding Group has acquired the operations and assets of Terrafugia, a U.S.-based company focused on the innovation and production of flying cars and future technologies, in its entirety.

KUALA LUMPUR – In separate announcements, Geely said on September 29 that it has finalized the board structures and part of the executive team for Proton Holdings Berhad and its related companies (Proton Group) as well as completed the transaction to purchase a majority stake in the British luxury sports brand Lotus.

GUJARAT, India – UK-based Morris Garages (MG) acquired General Motor’s Halol plant in Gujarat in September, invested more than $307 million in acquisition, part of which will be pumped into refurbishing a 170-acre plant.